2024-08-28 06:38:01 Astrological Nifty Prediction : Range bound trade possible | Volatility Possible | Stoploss better

2024-08-28 06:38:01 Astrological Nifty Prediction : Range bound trade possible | Volatility Possible | Stoploss better

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Daily Forecast – Share Market – August 28th, 2024
Range bound trade possible | Volatility Possible | Stoploss better
Mars leads the day, whereas Sun, Moon, Jupiter, Saturn (Rx), Mercury (Rx – at the slowest speed), Rahu and Ketu. The Lord of horoscope and Rahu are also active because of the involvement of Ketu.
Volatility Possible. Market may remain within the range, as it was on previous working day. I still believe according to the global scenario market may face some issues related to economic issues. Possibly due to poor consumption demand and inflation.
In our market, consumption is not as good as it should be. Unemployment is again one important issue, despite so much of support to the corporate sectors, that has supported important corporate houses. At the moment, possibly we may see some better balance sheet, but in the long run because of poor consumption corporates may face issues. Ultimately, balance sheet may be affected.
Watch news from foreign lands. In coming time may give impact on the market. Local reasons may not give any pace to the market, but cues from foreign lands may be giving some pace to the market (chances).
Defense related segments may also be showing some interesting news to give support on the market. IT will be important for the market.
Keep a watch on the sentiments of the trade, possibly the market may try for new levels. But stoploss will be important. Crude oil may remain around 80 USD.
Trimming on upper levels and buying at lower levels possible. Nifty may remain within range.
Indian Currency
Indian Rupee may trade in between 83.60 to 84.20 per USD.

** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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